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Agreement reached on deep sea mining

RATE THIS! +36
Posted in Science on 26th Apr, 2014 01:03 AM by AlexMuller

Plans to open the world's first mine in the deep ocean have moved significantly closer to becoming reality. A Canadian mining company has finalised an agreement with Papua New Guinea to start digging up an area of seabed. The controversial project aims to extract ores of copper, gold and other valuable metals from a depth of 1,500m.

 
However, environmental campaigners say mining the ocean floor will prove devastating, causing lasting damage to marine life. The company, Nautilus Minerals, has been eyeing the seabed minerals off Papua New Guinea (PNG) since the 1990s but then became locked in a lengthy dispute with the PNG government over the terms of the operation.
 
Under the agreement just reached, PNG will take a 15% stake in the mine by contributing $120m towards the costs of the operation. Mike Johnston, chief executive of Nautilus Minerals, told BBC News: "It's a taken a long time but everybody is very happy."
 
"There's always been a lot of support for this project and it's very appealing that it will generate a significant amount of revenue in a region that wouldn't ordinarily expect that to happen."

Tags: seaoceanminingecosystemnatureenvironment

Read original article » Back to category

Comments

Author: Guest
Posted: 2014-04-26
+3
I hope that benefits of reaching very much needed resources from the deep see will not compromise ecosystem - damage has already been done and hopefully this not another compromise that would endanger wild life further
3 Replies
Author: Guest
Posted: 2014-04-26
+1
Deep-sea creatures are so fragile! Even the most remote deep-sea ecosystems are not safe from the impacts of a warming world. Researchers say the weight of the marine creatures that will be lost is greater than the combined weight of every person on Earth. Reply
Reply
Author: Guest
Posted: 2014-04-27
+0
I hope that benefits of reaching very much needed resources from the deep see will not compromise ecosystem - damage has already been done and hopefully this not another compromise that would endanger wild life further Reply
Author: Guest
Posted: 2014-06-23
+0
un-f-cking-believable!!!!this guy shouldnt even be close to the pnsrideecy! he's is smooth and calm on the outside but on the inside he's a nut.he plans on change all right the kind of change that would sink america like a stone to the bottom of a lake! Reply


 

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